December 5, 2013

GT Advanced Technologies Inc. Prices $190,000,000 of 3.00% Convertible Senior Notes Due
2020 and 8,650,000 Shares of Common Stock
MERRIMACK, N.H., Dec. 5, 2013 (GLOBE NEWSWIRE) -- GT Advanced Technologies Inc. (Nasdaq:GTAT) (the "Company")
today announced the pricing of $190,000,000 aggregate principal amount of its 3.00% Convertible Senior Notes due 2020 (the
"Notes") and 8,650,000 shares of its common stock at a price of $8.65 per share (the "Common Stock") in concurrent
underwritten registered public offerings (collectively, the "Offerings"). The Company has granted the underwriters a 30-day
option to purchase up to an additional $24,000,000 principal amount of Notes and 1,292,196 shares of Common Stock from the
Company, respectively. The Offerings are subject to market and other conditions.
The Notes will mature on December 15, 2020, unless repurchased or converted in accordance with their terms prior to such
date, and will bear interest at a rate of 3.00% per year, payable semiannually in arrears on June 15 and December 15 of each
year, beginning on June 15, 2014. The Notes will be convertible, under certain circumstances, into cash, shares of the
Company's Common Stock, or a combination of both, at the Company's election, at an initial conversion rate of 82.5764 shares
of the Company's Common Stock per $1,000 principal amount of notes, which is equivalent to an initial conversion price of
approximately $12.11 per share of the Company's Common Stock. The Company will not have the right to redeem the Notes
prior to maturity.
The Company estimates that the net proceeds of the Offerings will be approximately $254,000,000 (or approximately
$288,000,000 if the underwriters' options to purchase additional Notes and shares of Common Stock are exercised in full), after
deducting the underwriters' discounts and commissions and estimated offering expenses. The Company intends to use the
remainder of the net proceeds of the Offerings for working capital and general corporate purposes, which may include the
acquisition of companies or businesses and capital expenditures.
This press release shall not constitute an offer to sell or a solicitation of an offer to buy these securities, nor shall there be any
sale of these securities, in any state in which such offer, solicitation or sale would be unlawful prior to registration or
qualification under the securities laws of any such state.
Morgan Stanley & Co. LLC and Goldman, Sachs & Co. are acting as joint book-running managers and Canaccord Genuity Inc.
is acting as co-manager for the Offerings. The Company has filed a registration statement (including a base prospectus and
related preliminary prospectus supplements) with the Securities and Exchange Commission, or SEC, for the Offerings. Before
you invest, you should read the preliminary prospectus supplements, the accompanying prospectus and the other documents
the issuer has filed with the SEC for more complete information about the Company and the Offerings. You may get these
documents for free by visiting EDGAR on the SEC web site at www.sec.gov. Alternatively, the Company, the underwriters or any
dealer participating in the Offerings will arrange to send you the preliminary prospectus supplements and the accompanying
prospectus if you request them by contacting Morgan Stanley & Co. LLC, Attn: Prospectus Department, 180 Varick Street,
Second Floor, New York, NY 10014, by calling (866) 718-1649 or by emailing prospectus@morganstanley.com, or from
Goldman, Sachs & Co., Attn: Prospectus Department, 200 West Street, New York, NY 10282, by calling (866) 471-2526 or by
emailing prospectus-ny@ny.email.gs.com.
About GT Advanced Technologies Inc.
GT Advanced Technologies Inc. is a leading diversified technology company producing advanced materials and innovative
crystal growth equipment for the global consumer electronics, power electronics, solar and LED industries. Its technical
innovations accelerate the use of advanced materials, enabling a new generation of products across this diversified set of
global markets.
Forward-Looking Statements
This press release contains forward-looking statements regarding our planned offer and sale of convertible senior notes and
common stock and the use of the net proceeds from any such sale. We cannot be sure that we will complete the Offerings or, if
we do, on what terms we will complete them. Forward-looking statements are based on current beliefs and expectations and are
subject to inherent risks and uncertainties, including those discussed under the caption "Risk Factors" in the prospectus and
prospectus supplements. In addition, management retains broad discretion with respect to the allocation of the net proceeds of
these Offerings. The forward-looking statements speak only as of the date of this release, and GT Advanced Technologies Inc.
is under no obligation to, and expressly disclaims any such obligation to, update or alter its forward-looking statements, whether
as a result of new information, future events, or otherwise.

CONTACT: For additional information:

Media
GT Advanced Technologies
Jeff Nestel-Patt, 603-204-2883
jnestelpatt@gtat.com

Investors/Analysts
GT Advanced Technologies
Bob Blair, 914-552-1413
bob.blair@gtat.com

Source: GT Advanced Technologies

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